Market Overview: Tether/Dai (USDTDAI) 24-Hour Summary

Summary
• Price consolidated within 0.9993–1.0000 range, indicating low volatility and stable demand.
• Volume remained subdued after early volatility, with no clear breakout signals.
• RSI and MACD suggest equilibrium, with no strong momentum in either direction.

Tether/Dai (USDTDAI) opened at 0.9999 on 2025-11-13 at 12:00 ET and closed at 0.9996 the following day. The 24-hour range was 0.9993–1.0, with a total volume of 7,448,480.9 and a notional turnover of approximately $7,442,524.90 (assuming 1 USDT = $1). The pair remained within a tight band, reflecting strong peg maintenance and limited arbitrage opportunities.

Structure & Formations

Tether/Dai traded in a stable range between 0.9993 and 1.0000, forming multiple small inside bars and consolidation patterns. A notable bearish pinocchio pattern appeared at 1.0000, with the low at 0.9993 marking a short-term support level. The price failed to form significant bullish or bearish engulfing patterns, suggesting a lack of directional bias among traders.

Moving Averages

On the 15-minute chart, the 20- and 50-period SMAs remained closely aligned with the price, reinforcing the range-bound nature of the market. Over the daily timeframe, the 50-period SMA sat at 0.9997, with the 100- and 200-period SMAs providing a slightly bearish bias. The price has held above the 200 SMA, indicating that the peg remains intact despite minor fluctuations.

MACD & RSI

The MACD line fluctuated near the signal line with no clear divergence, suggesting a neutral momentum profile. The RSI hovered between 48 and 52, indicating no overbought or oversold conditions. This equilibrium suggests a well-hedged stablecoin market with no pressure for significant price movement in either direction.

Bollinger Bands

The Bollinger Bands remained compressed, with a low volatility of around ±0.0002 from the 20-period SMA. The price oscillated within the upper and lower bands without testing the outer edges, reinforcing the stablecoin peg. A breakout could occur if volatility increases, but this would need a catalyst beyond the stablecoin’s typical behavior.

Volume & Turnover

Volume spiked early in the 24-hour period, particularly in the candle that recorded a high of 1.0000 and a low of 0.9996, with a volume of 452,366.5. However, the following candles showed a rapid decline in volume, indicating that the initial movement lacked follow-through. Notional turnover mirrored this pattern, with no signs of divergences between volume and price.

Fibonacci Retracements

Fibonacci retracement levels were applied to the 0.9993–1.0000 move, with the 61.8% retracement level at 0.9996 aligning closely with the 24-hour close. This suggests that traders may interpret the 0.9996 level as a potential support or consolidation target. The 38.2% level at 0.9998 also saw activity, acting as a minor resistance in the afternoon.

Backtest Hypothesis

To better assess potential trading signals, a backtest strategy could be applied using historical candlestick data and confirmed patterns such as the Bearish Engulfing. While this data wasn’t provided in the current dataset, it’s worth noting that a strategy based on confirming these patterns on stablecoin pairs like USDTDAI could be low-probability due to the narrow price range and low volatility. However, if such a pattern were detected, it might signal a short-term deviation from the peg worth monitoring.